Financial Performance - The company's operating revenue for Q3 2022 was CNY 770,290,170.80, representing a year-on-year increase of 17.72%[4] - The net profit attributable to shareholders for the same period was CNY 60,764,363.52, reflecting a year-on-year increase of 6.31%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 60,387,032.98, which increased by 18.80% year-on-year[4] - The basic earnings per share for Q3 2022 was CNY 0.15, a decrease of 8.38% compared to the same period last year[5] - The company has experienced a decrease in net profit year-to-date by 8.78% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2022 reached ¥2,038,434,951.70, a slight increase of 1.97% compared to ¥1,999,045,322.99 in the same period of 2021[20] - Net profit for the first three quarters of 2022 was ¥143,190,564.80, representing a decrease of 8.83% from ¥156,968,982.79 in 2021[21] - Basic and diluted earnings per share for the third quarter of 2022 were both ¥0.36, down from ¥0.39 in the same quarter of 2021[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 3,644,998,626.67, an increase of 2.68% from the end of the previous year[5] - As of September 30, 2022, the total assets of Jiangsu Wujin Stainless Steel Co., Ltd. amounted to CNY 3,644,998,626.67, an increase from CNY 3,549,741,122.46 at the end of 2021, reflecting a growth of approximately 2.7%[16] - The company's current assets totaled CNY 2,670,300,111.77, up from CNY 2,593,246,684.13, indicating an increase of about 3% year-over-year[14] - The company's total liabilities increased to CNY 1,135,560,443.70 from CNY 1,077,476,942.41, which is an increase of about 5.4%[16] - The total equity attributable to shareholders reached CNY 2,509,438,182.97, up from CNY 2,472,264,180.05, reflecting a growth of approximately 1.5%[16] Cash Flow - The cash flow from operating activities for the year-to-date was negative CNY 88,517,605.75, primarily due to increased tax burdens following the cancellation of export tax rebate policies[9] - Cash flow from operating activities showed a net outflow of ¥88,517,605.75 in 2022, compared to a net inflow of ¥464,002,123.58 in 2021[24] - Total cash outflow from investment activities amounted to 583,739,486.00, compared to 548,022,876.17 in the previous period, reflecting an increase of approximately 6.3%[25] - Net cash flow from investment activities was 64,296,818.77, a significant improvement from a net outflow of 174,046,658.94 in the previous period[25] - Cash inflow from financing activities totaled 185,000,000.00, up from 88,800,000.00, indicating a growth of 108.5%[25] - The net cash flow from financing activities was -8,846,513.41, an improvement from -182,538,183.40 in the previous period[25] Shareholder Information - The top ten shareholders held a total of 64,662,522 shares, accounting for 16.14% of the total shares outstanding[11] Operational Efficiency and Strategic Initiatives - The company is focusing on enhancing its operational efficiency and exploring new market opportunities as part of its strategic initiatives[18] - Research and development expenses decreased to ¥24,692,303.12 from ¥26,697,254.25 year-over-year, indicating a focus on cost management[20] - Sales expenses decreased to ¥28,040,087.00, down from ¥35,173,231.44 in the previous year, reflecting improved operational efficiency[20] Other Financial Metrics - The company reported non-recurring gains of CNY 377,330.54 for the year-to-date, significantly lower than the previous year's CNY 26,526,326.33[9] - The company reported a significant increase in other income to ¥8,784,780.92, compared to ¥6,373,788.22 in the previous year[20] - The company experienced a loss in fair value changes amounting to -¥4,303,010.53, contrasting with a gain of ¥2,020,358.60 in the previous year[20] - The ending balance of cash and cash equivalents was 308,073,107.56, down from 434,954,172.46, reflecting a decrease of 29.1%[25] - The company reported a cash and cash equivalents net decrease of 33,067,300.39, contrasting with an increase of 107,417,281.24 in the previous period[25] Management Team - The company’s management team includes Zhu Guoliang as the responsible person and Wang Jinrong as the head of accounting[26]
武进不锈(603878) - 2022 Q3 - 季度财报